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REGISTERED NUMBER: SC660890 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Pristine Trading Group Ltd

Pristine Trading Group Ltd (Registered number: SC660890)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Pristine Trading Group Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: B Chalmers
A R Fotheringham
B P A Lawson
Dr O P Quinn





REGISTERED OFFICE: 25 Queensferry Street
Edinburgh
EH2 4QS





REGISTERED NUMBER: SC660890 (Scotland)





ACCOUNTANTS: Douglas Home & Co Ltd
Chartered Accountants
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Pristine Trading Group Ltd (Registered number: SC660890)

Statement of Financial Position
31 May 2023

31/5/23 31/5/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 95,654 1,464

CURRENT ASSETS
Stocks 114,713 -
Debtors 5 354,186 429,954
Cash at bank 497,971 460,358
966,870 890,312
CREDITORS
Amounts falling due within one year 6 216,148 239,899
NET CURRENT ASSETS 750,722 650,413
TOTAL ASSETS LESS CURRENT
LIABILITIES

846,376

651,877

CREDITORS
Amounts falling due after more than one year 7 76,859 -
NET ASSETS 769,517 651,877

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 769,417 651,777
769,517 651,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Pristine Trading Group Ltd (Registered number: SC660890)

Statement of Financial Position - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 December 2023 and were signed on its behalf by:





A R Fotheringham - Director


Pristine Trading Group Ltd (Registered number: SC660890)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Pristine Trading Group Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Pristine Trading Group Ltd (Registered number: SC660890)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2022 - 2,144 2,144
Additions 116,380 - 116,380
At 31 May 2023 116,380 2,144 118,524
DEPRECIATION
At 1 June 2022 - 680 680
Charge for year 21,761 429 22,190
At 31 May 2023 21,761 1,109 22,870
NET BOOK VALUE
At 31 May 2023 94,619 1,035 95,654
At 31 May 2022 - 1,464 1,464

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Trade debtors 354,186 415,366
VAT - 14,588
354,186 429,954

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Hire purchase contracts 10,272 -
Trade creditors 28,740 63,996
Tax 35,634 121,443
Social security and other taxes (181 ) (56 )
VAT 64,053 -
Other creditors 534 175
Directors' loan accounts 74,977 52,867
Accrued expenses 2,119 1,474
216,148 239,899

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/23 31/5/22
£    £   
Hire purchase contracts 76,859 -